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pepy

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Everything posted by pepy

  1. pepy
    Your own preference is a common thing, i use the same with 2:1 which means more profit and loss. Logically, if I make profit first then i need 2 consecutive loss to create a condition where i don't earn even a single cents from my previous trading. By the way, long term trading is better it gives another point of view to traders who just started their own trading, Long term or Short term for newbie is not a big deal.
  2. pepy
    Insider trading to be exact, well that is another story but overall i must agree with you that this kind of act is corruption and unfair practice of trading. Well since it seems that you and me mainly is fundamental based traders I think the news is the main core for us , right? So news station or maybe economic calendar is a good site to gain some indicators.
  3. pepy
    Well trading without loss is practically and theoritically is possible but through unorthodox way and also if you want to apply this strategy it will require a lot of money to spend, i do recommend above $5000 and not just that your earning is practically low compared to the casual trading, you may gained few earning here and the speed is an element you should take care first.
  4. pepy
    Well trading without loss is practically and theoritically is possible but through unorthodox way and also if you want to apply this strategy it will require a lot of money to spend, i do recommend above $5000 and not just that your earning is practically low compared to the casual trading, you may gained few earning here and the speed is an element you should take care first.
  5. pepy
    It is true that forex is more decentralized compared to stock, while stock itself is centralized market where people keep trading through one place while in forex we trade through different liquidity provider. The good thing from centralized market, the technical system makes sense so we get more options, well i know in decentralized market it may work too but not as accurate as in centralized market.
  6. pepy
    If what do you mean as effort is doing something of course that is an effort, on the other hand earn $1000 daily practically impossible for any traders to achieve, especially if you want this to be happen. But saying that making profit daily is really something which someone never able to get, i mean at least once some people suffer loss, right?
  7. pepy
    Of course, it is not that easy to be discipline to our trading, but we can surely apply that in our trading and the same thing is applied to our emotions control or risk management. One thing that i want to say here is that free money is helpful but only if you have such a good skill to manage the money and to make enormous profit
  8. pepy
    Just from the name, backtesting so it is just testing if you make profit by use that robot or not is another matter since this is just backtesting. Putting that aside actually forex robot is a good thing to use at least once or twice. I know it is quite reliable and fast but still it is one of the thing which you normally cannot control, you need a better risk management for it.
  9. pepy
    Not in sense you can make profit at that time after read one or two posts, even when you go to a site which offers a really good material i doubt you will turn into a great trader that might make much profit. In fact, forum is just the place to get knowledge that is all, if you want to see improvement then try to do practice in demo account.
  10. pepy
    Emotions are needed but do you really should mix in your trading? Of course not, you don't have to do that. It will simply let you to suffering more losses and i think this is not a very good idea for trader to mixing their trading with emotions. I would gladly to separate my own emotions from trading so when i analyze the market there are no any emotion bias.
  11. pepy

    PAMM sytem!

    pepy replied to hexeduser's topic in Forex Newbies

    Yes if only you have enough money to invest, how about if you don't have enough money. Also pamm system offers high minimum deposit compare to the other kind of business such as high yield investment program or HYIP. PAMM difference is actually they are more transparent, and it is your fault if you are losing because you choose the wrong pamm manager.
  12. pepy
    Well to make it clear some dealing desk broker is act in gray area. They seems like allow their clients to win for some times before start to reap them, or even make sure they lose or win first and do the vice versa later. But one the clear area here is that broker earn from spreads if the broker is non dealing desk if not then it's from member's/ client's loss.
  13. pepy
    So you said indirectly that STP and DMA offer higher spread rate because they are dealing desk? I don't know so far the reason why broker offers high or low, but if that is very high spread i agree with you because i never see any broker that could borrow that much money to us. ECN basically lack of flexibility but in terms of reliability you can put your trust on it.
  14. pepy
    But it would be so much helpful if you have mentor, right? In the end we are back once again to the previous conclusion it is not necessary but so much helpful for people to have mentors, because with mentors we able to learn forex material faster also with some unanswerd question, it will hold our potential to grow as full-fledged trader.
  15. pepy
    Well since this is thread about forex, so we talk about how to make money online through foreign exchange. Making money through forex is relatively hard, in theory it sounds simple and many traders seems able to repeat what their friends or mentor said but when practice is coming, it is unbelievably hard for them.
  16. pepy
    Trading without knowledge is a fool act, no one want to follow that kind of footsteps and also if the business already risk it is a logical step for people to learn about it first and then trade with better knowledge thus lowering the chance for us to lose our trading, right? But i am sure this is all about the issue people should know and able to do.
  17. pepy
    Okpay seems fine, Paypal also accepted in some brokers but i rarely see paypal to be frequent payment processor which many people use, not to mention of the relatively higher fees per transaction rather than other similiar payment processor such as Skrill or Neteller. Neteller is nice because it doesn't have any kind of fees for withdrawal.
  18. pepy
    AUDJPY on 4 hours time frame just formed shooting star with the price exactly closed at pivot point which located at 80.84. Stochastic (5,3,3) fall to around level 56. RSI (14) fall to around level 70. Macd (12,26,9) also formed higher low. The bias is strong bearish and current support is located at the area between 79.17 up to 78.01.
  19. pepy
    Double top pattern formed on eurchf's 4 hours time frame. The price is closed to near pivot at 1.09087 which become resistance right now. RSI and Stoch also falling down to respectively at 53 and 67 with MACD formed higher low formation. Bias is totally bearish and trying to reach 1.08752 and if can break it may fall further to 1.08452.
  20. pepy
    USDCAD is rising and successfully break pivot point at 1.29164 on H1 chart and at the same time Morning star doji formed followed by few not so strong or rather weak bullish candle. Indicators is overall bearish for this pair, only MACD forming lowers high so the price's bias is bullish with resistance is located between 1.29634 -1.30368.
  21. pepy
    Shooting star formed on H4 chart of AUDUSD with the price closed just below pivot point at 0.7624. Indicators such as Stochastic and RSI also falls to lower level respectively to level 32 and level 57. MACD(12,26,9) on the hand forms higher low. Basically, the bias is bearish with all of those indicators pointed with support area at 0.75972 and 0.75636.
  22. pepy
    NZDUSD on H4 chart successfully break the first support level at 0.7149 and not just that but successfully closed below this is a good indication for futher bearish movement. Stochastic (5,3,3) and RSI (14) falls respectively to area around level 12 and 38, while MACD forms higher lows. Overall this means bias is bearish but weak with closest next support at 0.71023.
  23. pepy
    Bullish engulfing patter formed on 1 hour time frame of EURGBP with both Stochastic and RSI respectively rise to area around 67 and 37. MACD on the other hand forms lowers high indicated a bit resistance. Bias still bullish and the price may rise towards 0.83507 and with the resistance at 0.84501.
  24. pepy
    Bearish engulfing pattern spotted in previous candle, followed by bearish candle indicated strong bearish sentiment on H1 chart of GBPCHF. With the price break today's pivot pint at 1.30601. Other indicators such as Macd (12,26,9) forms higher low, while Stochastic (5,3,3) fall to around area 28 and RSI(14) fall to area 48. Bearish bias today seems targetted the price to fall at first support(1.29194).
  25. pepy
    But what is your experience in foreign exchange? is that a pleasing experience or even the worst experience you've ever got in your life? My experience with forex is mixed and this is why i feel that i'm better than before because i have been feel lose and also make profit in foreign exchange makes me somewhat more "wise" when decide to open or close the position and how to cope with loss.
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